RIAA and net radio : it’s on …

Well my fear became reality today when The Register reported that a royalty increase has been declared and is therefore official. This means that internet radios will have huge fees to pay depending on their audience. Quoting from The Register’s article increased the royalty for music streamed under a statutory license by 170 per cent over five years, from $.0007 in 2005 to $.0019 in 2010. You can do the math and see how insane that is.

I advise on reading the article i linked above, this is quite interesting stuff.